40 UNDER 40
THEY ARE YOUNG. They are eager to challenge the status quo and chart out their own course in a world where change is the only constant. The members of the Fortune India 40 Under 40, India’s finest set of innovators, entrepreneurs, and disruptors, are people who have dared to break away from the tried and tested route and walked the road less travelled. And in doing so, they have created ideas, ventures, and enterprises which are making a difference. Our list is diverse: There are corporate executives like Tetra Pak marketing director Saumya Tyagi and Bain’s Deepak Jain; entrepreneurs Byju Raveendran, whose Byju’s learning app is making waves, and Neha Singh and Abhishek Goyal of data analytics startup Tracxn; and even those like Upasana Makati, whose English language magazine in Braille is changing lives. Then there is Leo Mavely, featured on the cover of this issue, whose venture Axio Biosolutions makes single-use bandages from crustacean shells. Mavely’s bandages, which reduce blood loss, are supplied to the Indian Army. Yes, in a country where 42% of the population is between 15 and 39 years of age, there are bound to be many bright minds working on several innovative business ideas, and selecting the final 40 sets of people was far from easy for our editors and journalists. But led by Deepti Chaudhary, Debojyoti Ghosh, and Debabrata Das, the Fortune India team got going over several weeks and finally arrived at the 40 you will read about in the following pages. We also have a list of The Classics, those who have made repeat appearances on our list and are, therefore, treated as a separate set. The 40 Under 40 list apart, this special issue also delves into the question of whether, in the wake of the Nirav Modi scam involving the public sector Punjab National Bank, Indian taxpayers are ending up paying a “scam cess” in the form of recapitalisation of such banks. Is there a solution in sight?
Fortune is one of the most respected business magazines in the world. It is known for its unrivaled access to world’s most influential leaders and decision-makers. In a world of business long on information and short on time, Fortune stands out with trusted insight, deep reporting and provocative story telling. Few publications cover the world of business with as much depth, breadth, wisdom, and panache. That’s why Fortune is recognized as ‘the best magazine in the world that just happens to be about business’. Fortune 500 is perhaps the best-known brand in business journalism and the ultimate hallmark of corporate success. Launched in India in October 2010 in a licensed partnership between ABP Group of Publications & Time Inc., Fortune India retains the spirit of the global brand with respect to thought leadership and practice from across the world every month while adding an Indian dimension. It is the only truly global business magazine dedicated to the global success of Indian business leaders, offering actionable insights to propel their businesses.